Difficult times make us question the effectiveness and long-term future of everything we do. For years, we used our ISO 9001 management systems certification to gain market access, satisfy customer requirements, streamline processes, and drive continual improvement. Now, it is time to challenge ourselves and use our management systems to help weather the economic storms.
Managers often refer to Return on Investment (ROI) as a key indicator of the success of a project. In this article, we’ll talk about some of the ways you can measure and improve the Return on Management System Investment. In other words, you’ll learn how to quantify what your management system and your internal audit program do to give back what the organization puts into it: namely, tools to minimize risk while supporting business strategies and an ongoing pursuit of excellence.